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Bullish Moving Average Cross by Match Group Inc (MTCH)

By Shiri Gupta

Match Group Inc (NASDAQ:MTCH) crossed over its 10-day moving average of $61.29 on a volume of 127K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Match Group Inc share prices have been bracketed by a low of $30.85 and a high of $62.75 and are now at $61.60, 100% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Match Group Inc on December 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.41. Since that recommendation, shares of Match Group Inc have risen 42.5%. We continue to monitor MTCH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses match group inc

Ticker(s): MTCH